SWIFT names new chairman

SWIFT has elected a new chairman of its board with Yawar Shah voted to the position. Shah, employed by JPMorgan, takes over the role vacated by Jaap Kamp, career banker at ABN AMRO, who is retiring after 12 years on the SWIFT board.

ShahÆs appointment also comes as Stephan Zimmermann has been elected deputy chairman and five new board directors have been announced.

Shah ascends to the top job after holding the title of deputy chairman of SWIFT...